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SEC EDGARAUG 241 min read$BLZE

Budman Gleb sold (to issuer) $180K of BLZE

Budman Gleb (CEO and Chairperson) sold (to issuer) 11,083 shares of Backblaze, Inc. (BLZE) at $16.24 ($0.18M total) on 2026-08-20.

Original reporting
SEC EDGAR · Budman Gleb
Published Aug 24, 2026, 9:39 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 24, 2026, 9:46 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
alphai market briefInsider activity
Primary signal
$BLZE
Neutral
medium confidence
Mentioned
$BLZE
Relevance
4/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$BLZENeutralLow
01

Why it matters

The disclosed sale is the first public report of this transaction, providing new data for market participants.

02

Market read

A modest insider sale; may cause slight price movement but limited broader relevance.

03

What to watch

CEO may be diversifying personal assets; no change in company fundamentals.

Relevance 4/10Novelty 4/10Timing: filing date 2026-08-24

Background

Form 4 filings disclose insider transactions; traders monitor them for potential signals.

Company-level read

Ticker impact

$BLZENeutralMedium confidence
Context

CEO Gleb Budman sold 11,083 shares for $179,987, reducing his stake to 2,204,958 shares.

Expected impact

Potential short-term downward pressure on BLZE.

Evidence & confidence

The sale size is modest relative to total holdings, but insider actions are closely watched by traders.

Market effects

Sector

Minimal impact on cloud storage sector; no broader industry signal.

Regional

None

Global

Low

Counterpoint

What could challenge this read

The sale could be a routine liquidity event, not a negative signal.

Key entities

  • Company
    Backblaze, Inc.

    Cloud storage provider listed on NASDAQ under ticker BLZE.

  • Individual
    Gleb Budman

    CEO and Chairperson of Backblaze.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

BLZE insider trading history →

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Why is Backblaze stock sliding today?

Backblaze (BLZE) stock fell 8.3% in after-hours trading to $17.60 after announcing a $150M convertible note offering, with a 13-day over-allotment option for $22.5M more. The company's stock had risen over 60% in two weeks prior. The broader market was relatively flat, indicating the decline was company-specific. The notes, due 2031, may dilute existing shares. BofA Securities is leading the deal.

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